06 Dec Plunder Capitalism

Posted at 02:52h in Articles by
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What we are witnessing in the US and indeed throughout the western world is the total failure of capitalism.  Capitalism is now merely a looting machine. The financial sector no longer supplies capital for production.  What the financial sector does is to turn discretionary consumer income into interest and fee payments to banks.  Aggregate demand can only grow through debt expansion, and the consumers reach a point where they cannot expand their debt…

https://www.counterpunch.org/2017/12/05/plunder-capitalism/

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